The airline is only one of many who’ve been pressured to make cuts amid the continued coronavirus pandemic. EasyJet was pressured to floor its complete fleet of plane final week after repatriating 45,000 Britons from around the globe because of the coronavirus.

One other request was rejected which noticed Sir Stelios asking for a gathering of shareholders to resolve whether or not one other director needs to be fired.

Sir Stelios mentioned that Mr Findlay needs to be fired as a result of it could be ”the easiest way to cease him writing billion-pound cheques-plus to Airbus yearly”.

The founder has mentioned earlier than that the airline would wish loans from the Authorities if it terminates its contract with Airbus.

He additionally mentioned he wouldn’t be investing extra of his personal cash in easyJet whereas a contract exists between them and Airbus.

In an announcement issued earlier than easyJet introduced it had further funding, Sir Stelios issued a dire warning about the way forward for the corporate.

He mentioned: “If this £4.5billion legal responsibility to Airbus is preserved – and never cancelled – by the easyJet board then, I remorse to report, easyJet will run out of cash round August 2020, maybe even earlier.”

He added: “If easyJet terminates the Airbus contract, then it doesn’t want loans from the UK taxpayer and it has one of the best probability to outlive and thrive sooner or later with some injection of further fairness supplied for by the markets.”

EasyJet additionally introduced it has reached an settlement with commerce unions on furlough preparations for its pilots and crew.